1492 Ross Avenue W

1492 Ross Avenue W — Property Summary

Key Characteristics & Buyer Fit

This is a 927-square-foot home built in 2016 on a 2,597-square-foot lot in Winnipeg’s Weston neighbourhood. Its standout feature is the year built: it ranks in the top 4% on the street, top 3% in Weston, and top 6% citywide. Most surrounding homes date to the 1940s, so this property offers modern construction in an older, established area.

The assessed value of $275,000 is well above the street average of $200,400 and the Weston average of $184,700—ranking in the top 13% and 6% respectively. This suggests the market has already priced in the newer build. However, the living area is slightly below the street average (1,020 sqft) and significantly below the citywide average (1,342 sqft), ranking in the bottom half locally and bottom 81% citywide. The lot is also on the smaller side, ranking in the bottom 23% on the street and bottom 40% citywide.

Where the appeal lies: The combination of a relatively new home at a modest price point, in a neighbourhood where most housing stock is 70+ years older. Buyers get modern insulation, windows, and mechanicals without paying new-suburb premiums. The lower square footage and smaller lot keep the price accessible.

Who it suits: First-time buyers or downsizers who want low-maintenance, newer construction in a central Winnipeg location. It’s less suited for families needing more indoor space or a large yard, or for investors focused on land value appreciation—the lot is small and the assessed value already reflects the building, not the land.

Frequently Asked Questions

1. Why is the assessed value so high compared to neighbours if the house is smaller?
   Assessments weigh sale prices of similar homes, and newer construction typically commands a premium. The 2016 build date places this property among a very small number of modern homes in Weston, which pushes its assessed value above older, larger homes in the area.

2. Is 927 square feet enough for two people?
   Yes, for a couple or a single person. The smaller footprint also means lower heating and maintenance costs. For a family with children, the space would feel tight, and the lot doesn’t offer room for additions.

3. How does the lot size affect future resale?
   In Weston, lots average around 3,269 sqft, so this property’s 2,597 sqft is below typical but not extreme. Citywide, Winnipeg lots average over 6,500 sqft, so buyers accustomed to larger yards may pass. However, the modern house itself is the main selling point, not future development potential.

4. What are the common issues in a home from 2016?
   Generally, very few major structural concerns—the roof, plumbing, electrical, and foundation should be in good condition. The main checklist items would be: check the furnace, water heater, and any appliances for age, and ensure the windows and siding have been maintained. No imminent major replacements like you’d find in a 1940s home.

5. Is the neighbourhood desirable for resale?
   Weston is a stable, older neighbourhood with good access to downtown and major routes. The property ranks well locally for value, which can attract buyers who want to avoid suburbs. The risk is that the small size and lot may limit the pool of future buyers to a niche (couples, investors, downsizers) rather than a broad market.